NorthCrest Asset Manangement LLC Raises Position in eBay Inc. (NASDAQ:EBAY)

NorthCrest Asset Manangement LLC increased its holdings in eBay Inc. (NASDAQ:EBAY) by 114.4% during the first quarter, Holdings Channel.com reports. The firm owned 16,809 shares of the e-commerce company’s stock after acquiring an additional 8,969 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in eBay were worth $1,138,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Smithfield Trust Co grew its holdings in eBay by 3.6% in the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock worth $274,000 after acquiring an additional 153 shares during the last quarter. IFP Advisors Inc grew its holdings in eBay by 7.2% in the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock worth $150,000 after acquiring an additional 163 shares during the last quarter. Bailard Inc. grew its holdings in eBay by 0.5% in the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock worth $2,147,000 after acquiring an additional 169 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in eBay by 4.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,353 shares of the e-commerce company’s stock worth $270,000 after acquiring an additional 169 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its holdings in eBay by 4.6% in the 4th quarter. HighPoint Advisor Group LLC now owns 3,904 shares of the e-commerce company’s stock worth $267,000 after acquiring an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 28,060 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,413,725.60. This trade represents a 30.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 296,279 shares of company stock worth $20,872,193. 0.64% of the stock is owned by insiders.

eBay Trading Down 0.1%

Shares of NASDAQ EBAY opened at $77.36 on Friday. The firm’s 50 day moving average price is $70.22 and its 200-day moving average price is $67.28. The company has a market cap of $35.66 billion, a PE ratio of 19.44, a P/E/G ratio of 2.22 and a beta of 1.27. eBay Inc. has a 52-week low of $51.72 and a 52-week high of $79.84. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 earnings per share. On average, equities research analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, May 30th. eBay’s dividend payout ratio is currently 27.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EBAY shares. BMO Capital Markets raised their price target on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th. Needham & Company LLC lifted their target price on shares of eBay from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Bank of America cut their target price on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. UBS Group lifted their target price on shares of eBay from $72.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, April 29th. Finally, Benchmark lifted their target price on shares of eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $67.73.

eBay Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.